Policy on Environment, Society and Governance (ESG)
Issue Date: November 13, 2017
Revision Date: March 3, 2023
Revision Date: June 28, 2024

Mitsui Fudosan Logistics REIT Management Co., Ltd.
[Preamble]
The Mitsui Fudosan Group, to which Mitsui Fudosan Logistics REIT Management Co., Ltd. (“theCompany”) belongs,is working toward the "creation of social value" and the "creation of economicvalue" as two wheels of a cart as its approach to sustainability and ESG guided by the meaning of "&","to generate new value through cooperation, coexistence and co-creation, we forge ahead, innovating.”
Creating social value leads to the creation of economic value, which in turn leads to the creation ofeven greater social value.
As the asset management company of Mitsui Fudosan Logistics Park Inc. (“the InvestmentCorporation”), the Company is striving to achieve stable medium- to long-term profitability for
unitholders and to maximize unitholder value through the sustainable growth of the Investment
Corporation. Believing that working on ESG issues in its asset management business is important toattaining its mission, the Company will make this work part of its daily operations under its Policy onESG.
[Policy on ESG]
1.

Consideration and response to the environment
The Company will work on measures to improve eco-efficiency and reduce theenvironmental load, always taking into account the direct and indirect impact its asset
management business will have on the environment.

（1） Energy saving and the reduction of CO2 emissions
Regarding the use of energy and the emission of greenhouse gases derived from themanagement of real estate as an important issue for the environment, the Company willseek to reduce energy-derived CO2 emissions from its portfolio by introducing equipmentthat will contribute to energy saving in properties in which the Investment Corporation
invests and promoting the use of efficient energy in its management of buildings.

（2） Conservation of the water resources and promotion of resource saving and waste reduction
To make effective use of limited water resources, the Company will promote water saving
and will work to introduce water-saving equipment in the real estate it manages. We will
also strive to contribute to the establishment of a recycling-oriented society by advancing
efforts for 3R (reduce, reuse and recycle) to curb the volume of wastewater and wastematerials discharged from buildings.
（3） Utilization of green building certification systems, etc.
To facilitate efforts for the environment and social consideration in the managed real estateand increase their asset value by enhancing the credibility and objectivity of these efforts
at the same time, the Company will work to utilize the certification systems,commendation systems and environmental performance evaluation systems of thirdparties, including green building certification, in its asset management business.
2.

Consideration and response to society
The Company will fulfill its social responsibility in its business activities by giving
consideration to the various stakeholders surrounding the Company, the Investment
Corporation and investments. To practice this Policy, we will strive to build a good
relationship with each stakeholder, actively working together and cooperating with them.
（1） Respect for human rights
As a member of society, the Company will thoroughly respect basic human rights in all of
its business activities. We will establish a corporate culture that does not tolerate
discrimination based on age, sex, origin and race, etc. and acts that will impair the dignityof individuals, such as forced labor and harassment.
（2） Efforts for better amenity and safety and security
The Company will strive to increase customer satisfaction (CS) in cooperation with theMitsui Fudosan Group and tenant companies to provide tenants and other facility users
with a comfortable, safe and secure space as a place for their everyday life.
We will also take steps for disaster prevention and a business continuity plan (BCP) bystrengthening emergency response as well as preparations in normal times in our managed
assets.
（3） Consideration to local communities
The Company will work to build good relations with local residents and local governments,

etc. by actively communicating with them in light of the impacts on local communities
created by the features of logistics properties, which have a close connection with urbanareas.
（4） Approach to officers and employees
The Company will provide its officers and employees, who are the key elements of its
business activities, with opportunities for ongoing education and training to improve theircapabilities, knowledge and awareness of sustainability.
（5） Sustainable procurement
In the procurement of goods and services in association with our business activities, wewill base procurement on sustainability by asking our supply chains to pay attention to theenvironment and society, in addition to economic efficiency.
（6） DEI (Diversity, Equity and Inclusion)
The Company will strive to build an organization that recognizes diversity, equity andinclusion. Specifically, with the management ranks overseeing the diversity of employees,
working to build an organization in which human resources of diverse values, talents, andlifestyles can realize their full individual potential and comfortable workplace.
Meanwhile, for the assets under management, we will formulate and disseminate a
procurement policy that takes DEI into consideration, and work with various stakeholders
to raise awareness of DEI.
（7） Health and comfort of officers and employees
Human resources are recognized as the most important asset of the Management Company.
We will not only comply with the legal standards for health and safety, such as work-lifebalance, health of employees, labor management, and risk management, but also work tocreate working environments where all employees can continue to work with confidence
through the various initiatives described later.
We also view the health and safety of our employees as an important management issue,
and will actively promote health management with the goal of obtaining certification as a
Health & Productivity Management Outstanding Organizations each year.
3.

Consideration and response to governanceAs the asset management company of the Investment Corporation, the Company will
ensure equitability and transparency in the decision-making process of asset management,

with sufficient attention given to the rights of the unitholders of the Investment
Corporation, and will fulfill its fiduciary responsibility and accountability to unitholders.
（1）Compliance with laws and regulations
The Company will emphasize ethical business activities in compliance with related laws,
regulations and rules in all of its operations.

（2）

Information disclosure to unitholders, etc.
Placing an emphasis on relationships (trust relationship) with unitholders, etc., theCompany will strive to disclose the information necessary for their investment decision in
an appropriate and timely manner. In the disclosure, we will promote prompt andtransparent information disclosure to ensure equitability and equality and will work toactively disclose non-financial information on ESG, as well as financial information.

（3）

Building of appropriate relations with interested parties, including the sponsor
Regarding the building of appropriate relations with interested parties, including oursponsor Mitsui Fudosan Co., Ltd., as an important governance issue, we will seek toincrease mutual interest of the Investment Corporation and the sponsor and fulfill ourfiduciary responsibility to the unitholders by setting the flow of decision-making
procedures for transactions with interested parties and developing a governance structure
for same-boat investment, etc.